GRAZ, Austria, Jan. 30, 2014 /PRNewswire/ - Magna International
today announced that its Magna Steyr
operating unit will continue its collaboration with the BMW Group
through a new vehicle manufacturing contract for its facility in
Graz, Austria. The new production
program would start following the end of production of the current
MINI models MINI Countryman and MINI Paceman being assembled by
Magna Steyr in Graz. Further information will be communicated
at a later date.
"This new contract with the BMW Group exemplifies our customer's
confidence in Magna Steyr to deliver
world class manufacturing excellence and flexibility," said Günther
Apfalter, President Magna Steyr
& Magna International Europe. "We are pleased to secure this
contract which allows Magna Steyr to
maintain its position as a leader in contract vehicle
manufacturing."
Magna Steyr has been a strategic
vehicle assembly partner of the BMW Group since its first
manufacturing contract for the BMW X3 which started in 2003.
Currently Magna Steyr is
manufacturing for the BMW Group the MINI Paceman and the MINI
Countryman, the latter of which celebrated a milestone in 2013 with
250,000 vehicles produced since start of production in 2010.
About Magna Steyr
More than 100 years of experience in automobile construction and
its comprehensive range of services have turned Magna Steyr, a subsidiary of Magna
International, into the world's leading, brand-independent
engineering and manufacturing partner for automobile makers. Our
extensive range of services consists of the five areas of
Engineering Services, Vehicle Contract Manufacturing, Roof Systems,
Fuel Systems and Battery Systems. As a contract manufacturer, we
have produced some 2.5 million vehicles in 22 models.
About Magna International
We are a leading global automotive supplier with 316 manufacturing
operations and 84 product development, engineering and sales
centres in 29 countries. Our over 125,000 employees are focused on
delivering superior value to our customers through innovative
processes and World Class Manufacturing. Our product capabilities
include body, chassis, interiors, exteriors, seating, powertrain,
electronics, mirrors, closures and roof systems and modules, as
well as complete vehicle engineering and contract manufacturing.
Our common shares trade on the Toronto Stock Exchange (MG) and the
New York Stock Exchange (MGA). For further information about Magna,
visit our website at www.magna.com
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SOURCE Magna International Inc.